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Weekly Deals and Funds Roundup: 27 July 200527/07/2005. Source: AltAssets. 
 A selection of the latest deal and fund news from across the globe - essential reading for those who need to keep up-to-date with the industry's key developments.
This weekly roundup provides an update on deals and fund activity that did not feature as separate stories in AltAssets' daily news service.
DEALS
American Capital Strategies has invested $21m in BPWest, an entity formed to acquire Jordan Drilling Fluids, parent company of Anchor Drilling Fluids USA. American Capital's investment takes the form of a senior term B loan, senior subordinated debt and preferred and common equity. Post close, American Capital owns approximately 69 per cent of Anchor Drilling Fluids, on a fully diluted basis. American Capital has invested over $2.5bn in the past twelve months.
Innova Capital, as a member of a consortium of Austrian and international financial investors, sold shares in Bulgarian MobilTel to Telekom Austria following a call option it acquired in March. The total value of the transaction was €1.6bn. Innova Capital said that its realised return exceeded 2,6 times the money invested. Mobiltel will be consolidated into Telekom Austria's wireless segment. Innova Capital focuses on Central Europe and invests mainly in the media, financial services, IT/telecommunication, business services and manufacturing sectors.
GED Iberian Fund, the Spain and Portugal fund managed by the GED Private Equity group, has sold 4.1 per cent of cosmetic medicine and surgery company Corporación Dermoestética for €15m through the company's recent IPO. GED has trebled the value of its initial stake and achieved IRR of 40 per cent on the investment.
Lower mid-market UK private equity provider Sovereign Capital Partners has completed the £14m buy-out of Stoke-on-Trent-based Lindley Catering, a provider of contracted catering to sports stadia. This is the first investment from Sovereign's latest fund, which closed in May at £275m. Lindley has been acquired from a group of shareholders. Sovereign Capital, founded in 1988, has £450m under management. The firm focuses on investing in lower mid-market UK companies requiring £5-20m of equity.
AlpInvest Partners has taken a majority stake in Dutch online tour operator Sunweb Holding, which operates under the brandnames Sunweb.nl and GoGo Tours. Financial details of the transaction have not been disclosed. AlpInvest Partners has €20bn of assets under management.
FUNDS
Greenwich, Connecticut-based Brynwood Partners has held the final closing of its latest fund, Brynwood Partners V, with total committed capital of $250m. Senior managing partner Hendrik J Hartong, Jr said, 'The successful closing of Brynwood V is a major milestone in the 21-year history of Brynwood Partners. It is most gratifying that we were able to reach our $250m target in this competitive fundraising environment. We received great support from our existing limited partners who committed almost 60 per cent of the new fund. We are also grateful that we could add some prestigious new institutions as limited partners.' Brynwood Partners is a private equity fund that makes control investments in lower middle-market companies and focuses on the consumer products, light industrial manufacturing, specialty retailing and business services industries.
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